As mortgage rates rise, borrowers are seeking savings in riskier, adjustable-rate mortgages that offer lower rates.
This article was originally published at https://www.cnbc.com/2026/09/23/nearly-10percent-of-borrowers-opted-for-riskier-mortgages-last-week.html.
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The month of October still has plenty of variables that can be a problem for rates
Net new orders fell 6.7% and gross margin slid to 22.7% as incentives and land costs pressured returns